Netflix
Q4 2022 Earnings Call
Jan 19, 2023, 6:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Spencer Wang
Good afternoon, and welcome to the Netflix Q4 2022 earnings interview. I'm Spencer Wang, VP of finance, IR and corporate development. Joining me today are Executive Chairman Reed Hastings; Co-CEOs Ted Sarandos and Greg Peters; and CFO Spence Neumann. Our interviewer this quarter is Jessica Reif Ehrlich from Bank of America.
As a reminder, we'll be making forward-looking statements, and actual results may vary. With that, Jessica, over to you for your first question.
Jessica Ehrlich -- Bank of America Merrill Lynch -- Analyst
Thank you, and thank you so much for having me today. So, Reed, the big announcement about the management changes. Could you give us some more color on the process and how you came to this decision?
Reed Hastings -- Co-Chief Executive Officer
You know, Jessica, it feels like yesterday was our IPO. We were covered in red envelopes. We IPO-ed at about $1. Hopefully, some of you have held the stock, the full 21 years.
And when I think of the evolution, the three of us and so many other incredible Netflix employees to go from DVD service to streaming leader in films and television and emerging player in games and now, to have over 230 million members, it's just -- well, Jim Collins probably said it best. He calls it a good start. We've had a good start. But, you know, honestly, we dream of the whole world finding their favorite entertainment on Netflix, and we shorthand that as entertaining the world.
And the three of us have been working together for 15 years now trying to figure out how do we get through this issue, that issue. How do we grow? And I couldn't be happier to complete our succession process. It really started about 10 years ago with the board trying to think through how could this work. They both such amazing talents and gifts, and to find a platform where they've been able to contribute is fantastic.
About 2.5 years ago, we took a partial step, Ted as co-CEO, Greg as COO. We continue to just make a super progress. And, you know, frankly, more and more, they've been leading the company, and this is acknowledging really in formal terms how we've been operating for at least the last few quarters. You know, it's just a great feeling.